Are you a Broomfield County CO teacher who is looking to buy a home? Learn more about the incredible savings you can receive on Broomfield County Colorado teacher mortgages. There are several programs available to teachers in Broomfield County that can save you thousands or tens of thousands on your home purchase.
The three programs are: The Broomfield County Home Buyer Tax Credit (Mortgage Credit Certificate), the Homes for Heroes program, and the teacher next door program. Homes for Heroes The Homes for Heroes program is designed for heroes in our community, those who give so much to make Broomfield County CO an incredible place to live. Broomfield County CO Teachers are one of the groups that we honor through this program.
The HFH program provides a teacher mortgage discount off of closing costs. Using other providers in the HFH network such as Realtors, contractors, etc, will get you additional discounts. Receive discounts on both your home purchase or refinance loan. Colorado Home Buyer Tax Credit The tax credit, or Mortgage Credit Certificate (MCC) http://www.mcccolorado.com/ is available on many teacher loans in Broomfield County CO.
You can claim the tax credit on a home purchase transaction (or a refinance if you have an existing MCC on your current loan).
You can save an additional $125-$250 per month off your mortgage interest, on average, for the life of your home loan, meaning tens of thousands of dollars in interest savings! To qualify for the MCC, you must fall under your (generous) county income limits and be either a first time home buyer, Veteran, OR purchase a home in a "targeted" area. Many Broomfield County CO Teacher mortgage loans qualify for the tax credit! Colorado Teacher Next Door Program The teacher next door program (Good Neighbor Next Door) http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot is designed to help teachers purchase homes at a discount.
You must purchase the home in a targeted area (hint: targeted areas qualify for the tax credit), and will be able to buy the home at a steep discount, at 50% of the list price. You will have a "silent" 2nd mortgage for the remainder of your home purchase, meaning there is no payment or interest on this portion of your loan. After 3 years the 2nd mortgage will be forgiven, and you will be left with substantial equity in your home.
These great Broomfield County CO teacher mortgage loans and discounts can help you save money as a teacher in our community. It is important to work with a lender who understands the unique aspects of teacher loans in CO , and has access to all of these programs. We have in-house underwriting and funding meaning that you will receive the best possible service and will meet your contract deadlines.
Call RJ Baxter in the office at 303-670-0137 to get pre-qualified or visit us at www.cohomesandloans.com. We will provide honest answers to your questions about Broomfield County Co teacher mortgages!
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